New bill would grant regulatory power over crypto mining to three North Carolina counties ...Middle East

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New bill would grant regulatory power over crypto mining to three North Carolina counties
Image: Adobe StockA new bill in the North Carolina legislature would allow Henderson, Polk, and Rutherford Counties to prohibit or regulate crypto mining. Republican Sen. Tim Moffit, who represents the three counties, is the primary sponsor of Senate Bill 774.   If passed, the law would only apply to those three counties and their municipalities.  As NC Newsline reported previously in a series of reports about a proposed facility in Pitt County, crypto mining, the process that verifies bitcoin transactions and creates new coins, relies on a vast network of powerful computers.   The centers’ high electricity consumption, primarily from fossil fuels, raises major environmental concerns. The no

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